Greenwich Composite Investable Hedge Fund Index Approved as UCITS Eligible by Luxembourg Regulator

Greenwich Alternative Investments ("GAI") today announced that the
Greenwich Composite Investable Hedge Fund Index (the "Index") has been
recognized by the Luxembourg financial regulator (Commission de
Surveillance du Secteur Financier) as a properly constructed hedge
fund index and is eligible for use by UCITS.

"We are proud to be the first to receive hedge fund index approval
from the CSSF in Luxembourg," commented Margaret Gilbert, Manager
Director at Greenwich Alternative Investments. "The Index will now be
calculated twice a month rather than monthly. This paves the way for
established UCITS brands to create funds linked to the Greenwich
Investable Hedge Fund Indices in an effort to satisfy the growing
demand for simple, transparent and diversified sources of hedge fund
beta with the gold stamp passport of UCITS."

The Greenwich Global Hedge Fund Indices were first published in
1995 and are considered industry standard benchmarks of broad hedge
fund performance. GAI and its affiliates began calculating the
Greenwich Composite Investable Hedge Fund Index in 2003 in response to
investor demand for investable exposure to hedge fund beta. The Index
references actual hedge fund vehicles as opposed to other methods used
in an attempt to synthetically replicate the returns of hedge fund
vehicles. Beginning in 2008, the Index is now calculated monthly. Past
performance and indices construction rules for all Greenwich Hedge
Fund Indices may be viewed at www.greenwichai.com.

About Greenwich Alternative Investments

Greenwich Alternative Investments, LLC (and its affiliates)
manages one of the world´s largest hedge fund databases and is among
the oldest providers of hedge fund indices, asset management services
and research to institutional investors worldwide.